Securities Industry Essentials (SIE) Practice Test (2024) || With Questions & Answers (Graded A+)
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Module
Securities Industry Essentials
Institution
Securities Industry Essentials
Securities Industry Essentials (SIE) Practice Test (2024) || With Questions & Answers (Graded A+)
Securities Industry Essentials (SIE) Practice Test (2024) || With Questions & Answers (Graded A+)
In a period of low inflation and economic recession, the Federal Reserve is expected to take which ...
, Securities Industry Essentials (SIE)
Practice Test (2024) || With Questions &
Answers (Graded A+)
In a period of low inflation and economic recession, the Federal Reserve is expected
to take which of the following actions?
A. Decrease taxes
B. Raise the federal funds rate
C Buy bonds in the open market
D. Require banks to increase reserves - PRECISE ANSWER - C
Broker-dealer ABC seeks to underwrite a municipal securities offering by a local
town in which the mayor is currently seeking re-election. A municipal finance
professional who resides in the town and works for ABC contributed $200 to the
mayor's re-election campaign 13 months ago. If the employee wants to support the
campaign further without impacting the municipal securities business of the firm, he
is permitted to make an additional contribution of up to what amount?
A. $50
B. $100
C. $150
D. $250 - PRECISE ANSWER - A
Which of the following actions violates FINRA rules regarding selling away?
A. Recommending to a customer the services of another broker-dealer (BD)
B. Sharing commissions with another registered representative in the same BD
C. Advising customers to buy mutual funds at amounts just below a discount level
D. Engaging in private securities transactions without written prior consent of the
employing BD - PRECISE ANSWER - D
Under normal circumstances, a customer's letter of intent on a mutual fund purchase
is valid for what maximum period of time?
A. 3 months
B. 6 months
C 13 months
D. 24 months - PRECISE ANSWER - C
Which of the following statements is true regarding a customer account held as
tenants in common?
A. The owners must equally share the assets
B. The ownership of the decedent's assets is governed by their will or state law.
C. Tenants in common is permitted for use only for two individuals
D. Tenants in common is permitted for use only for married couples or family
members. - PRECISE ANSWER - B
Upon expiration, all in-the-money S&P 100 Index call options are settled by the
delivery of which of the following?
A. Cash
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